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5 Things You Need To Know, Today, on Tuesday 30th August 2022
5. Pakistan's planning minister says early estimates show the devastating floods that hit the country have caused at least $10bn (£8.5bn) of damage.
His comment comes as another government minister said that one-third of the South Asian nation has been submerged.
4. Stock markets in the US closed lower on Monday amid concerns the country's central bank will push ahead with further interest rate rises.
Jerome Powell, chairman of the Federal Reserve, said hikes would continue in a bid to stem the rate of rising prices.
3. Economists at Goldman Sachs have sharply cut British growth forecasts and expect a recession to begin later in the year, as the impact of surging inflation on households' disposable incomes hits consumption.
Goldman expects the recession to begin in the fourth quarter of 2022, and forecast the economy will contract by 0.6% in 2023.
2. The UK Chancellor Nadhim Zahawi is travelling to the United States later for talks on how to tackle the spiralling cost of living.
During what could be his final week in the job, Mr Zahawi will meet US bankers and officials to seek "international solutions" to soaring costs.
1. Pubs and brewery bosses have written to the government to ask for support with their towering energy bills this winter.
Bosses of six of the UK's largest breweries and pubs said soaring costs would result in closures and "real and serious irreversible" damage.